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Key User Terms
Analytics - one of the Pricefx functional areas where users can visualize pricing data.
Dashboards - graphical user interface that provides at-a-glance views of key performance indicators relevant to a particular objective or business process.
Charts - standard pricing charts available by default in Analytics within Data Analyzer.
Rollups - a type of data analysis table that allows a higher level of aggregation and displays it on different charts.
Datamart - a type of data table which includes a combination of multiple data sources and is used for analytics.
Data Source - a type of data table that includes cleansed and structured data used to build data marts.
Price Setting - one of the Pricefx functional areas where users can execute pricelist management.
PriceLists - an area in Price Setting that allows the creation of multiple tables with products and calculated prices on the basis of calculation logic.
Calculation logic - a common term in Pricefx that defines a particular combination of Groovy code that defines how prices are being calculated.
Price Parameters - tables that include different pricing data that affect price calculation in logic, workflows setup, etc.
Live Price Grids - a type of price list with products and calculated by logic prices which should be recalculated several times per day depending on new data (e.g. competition) updates.
Simulations - an area in Price Setting where users can analyze the impact of some price parameters change on the final price in PriceLists and in Live Price Grids.
PL and LPG types - an area in Price Setting where the available types of Pricelists (PL) and Live Price Grids (LPG) are stored. Usually, those types are programmed by the concrete calculation logic and used when new PL or LPG are created.
Typical Pricing Slang
Product Costs - the cost of production (types: standard, fixed, variable, avoidable, internal transportation, internal storage)
Quantity/Volume – the amount of product sold
Margin – the price of the product - cost; margin usually is the key profitability indicator.
Target Margin – the amount of profit expected to receive from a product sold
Purchase price – acquisition costs of the product that is produced somewhere else
Price indexes – price variation that is market and material related (example: oil, grains)
Competition price – the price of a competitor with a similar product
Packaging price – the price of packaging which is counted as an extra cost
Stock - inventory of the product
SKU - stock-keeping unit
Transportation costs (freight costs) – the costs to move products
Floor price - lowest price calculated on the base of profitability
Price ceiling - the highest price for selling a product
Distributor price – wholesale price in B2B businesses (example: manufacturer sells tyers to distributor)
Bottom-up pricing - method in which all the costs are calculated first and the desired profit is added to the total cost to calculate the price
Top-down pricing - method in which the price is calculated on the basis of the perceived value of the product by customer and then pushed down
Global pricing – global price setting that is applicable for all business units
Local pricing – regional price setting that comes on top of the global pricing
Product Life Cycle – product life stages reflected mostly in sales: introduction, growth, maturity, decline
Pocket margin – final margin (profit before taxes)
Margin Leakage – areas where company loses money